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Public–private collaborations in drug development: boosting innovation or alleviating risk?

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  • Thomas Crispeels
  • Jurgen Willems
  • Ilse Scheerlinck

Abstract

Consistent with popular belief among certain academics, practitioners, and policy makers, we hypothesize that collaboration between private and public organizations promotes success. We test this hypothesis for data on clinical trial success. Contrary to this popular belief, our results do not support the beneficial effect of within- and cross-sector collaborations. In contrast, we find that trials from single private companies are four times more likely to be successful than are trials in which public and private organizations collaborate. Hence, our results indicate that companies engage with public partners to mitigate development risks, not to exchange knowledge or technologies with them.

Suggested Citation

  • Thomas Crispeels & Jurgen Willems & Ilse Scheerlinck, 2018. "Public–private collaborations in drug development: boosting innovation or alleviating risk?," Public Management Review, Taylor & Francis Journals, vol. 20(2), pages 273-292, February.
    • Handle: RePEc:taf:rpxmxx:v:20:y:2018:i:2:p:273-292
    DOI: 10.1080/14719037.2017.1302247
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    Cited by:

    1. Linde Colen & René Belderbos & Stijn Kelchtermans & Bart Leten, 2024. "Many are called, few are chosen: the role of science in drug development decisions," The Journal of Technology Transfer, Springer, vol. 49(2), pages 492-517, April.
    2. Willems, Jurgen, 2019. "Leadership, Performance, and Reputation: A multi-method empirical view on the public and nonprofit sectors - Habilitation Synopsis," OSF Preprints np9e3, Center for Open Science.
    3. Bach, Xavier & Marquet, Oriol & Miralles-Guasch, Carme, 2023. "Assessing social and spatial access equity in regulatory frameworks for moped-style scooter sharing services," Transport Policy, Elsevier, vol. 132(C), pages 154-162.
    4. Yindan Ye & Thomas Crispeels, 2022. "The role of former collaborations in strengthening interorganizational links: evidence from the evolution of the Chinese innovation network," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1343-1372, October.

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